As we discussed, Arrow Financial Services LLC hereby accepts yours offer to settle your WASHINGTON MUTUAL BANK account.

A total settlement amount of $2300.00 will be accepted in three payments. The first payment is due on 01/08/09 for $1170.00. The second is due 02/06/09 for $445.00. The Final payment id due on 04/20/09 for $685.00.

Failure to comply with any of the above-mentioned terms will nullify the settlement agreement and the balance in full will be due once again.

Nothing contained within this letter changes or in any way limits any of your legal rights, including your rights as set fortain our first letter to you about this account.

**IMPORTANT NOTICE REQUIRED BY LAW: This agency is engaged in the collection of debt. This communication is an attempt to collect a debt and any information obtained will be used for that purpose.

Sincerely,

NICOLE M. SLOWEY
866-912-2780 EXT. 387

As required by law, you are hereby notified that a negative credit report reflecting on your credit record may be submitted to a credit reporting agency if you fail to fulfild the terms of your credit obligations.